48 Morshead Street, Tugun — Off-Market Report

The 10 sales behind that range — and every adjustment

A sale down the road is not evidence until it is adjusted for how it differs from this home. Here is each sale we used, what we changed, and by how much.

59 Toolona Street

Sold 29 April 2026 · 0.71 km away

Sold for

$1,540,000

Adjusted to this home

$1,491,697

What we added and subtracted to make this sale comparable to 48 Morshead Street
Micro-location	this home 0.0239 · comparable 0.0688	−$55,317
Cladding	this home 2 · comparable 1	+$16,000
Distance to beach	this home 7.85 km · comparable 7.18 km	−$11,143
Year built	this home 1985 · comparable 1989	−$9,600
Land size	this home 429 m² · comparable 405 m²	+$7,757
Floor area	this home 109 m² · comparable 107 m²	+$4,000
Net adjustment		−$48,303

A further 8 factors were compared and found the same on both properties, so no money moved.

16 Monash Street

Sold 13 August 2026 · 0.27 km away

Sold for

$1,255,000

Adjusted to this home

$1,259,837

What we added and subtracted to make this sale comparable to 48 Morshead Street
Year built	this home 1985 · comparable 2002	−$40,800
Floor area	this home 109 m² · comparable 97 m²	+$24,000
Micro-location	this home 0.0239 · comparable 0.0121	+$11,847
Land size	this home 429 m² · comparable 405 m²	+$7,757
Distance to beach	this home 7.85 km · comparable 8.09 km	+$2,033
Net adjustment		+$4,837

A further 9 factors were compared and found the same on both properties, so no money moved.

47 Toolona Street

Sold 26 March 2026 · 0.69 km away

Sold for

$1,475,000

Adjusted to this home

$1,375,414

What we added and subtracted to make this sale comparable to 48 Morshead Street
Micro-location	this home 0.0239 · comparable 0.0804	−$66,670
Floor area	this home 109 m² · comparable 130 m²	−$42,000
Year built	this home 1985 · comparable 1980	+$12,000
Distance to beach	this home 7.85 km · comparable 7.18 km	−$10,673
Land size	this home 429 m² · comparable 405 m²	+$7,757
Net adjustment		−$99,586

A further 9 factors were compared and found the same on both properties, so no money moved.

9 Morshead Street

Sold 0.26 km away

Sold for

$1,649,000

Adjusted to this home

$1,446,466

What we added and subtracted to make this sale comparable to 48 Morshead Street
Micro-location	this home 0.0239 · comparable 0.15	−$166,351
Bedrooms	this home 3 · comparable 4	−$68,000
Floor area	this home 109 m² · comparable 92 m²	+$34,000
Land size	this home 429 m² · comparable 496 m²	−$21,654
Year built	this home 1985 · comparable 1978	+$16,800
Distance to beach	this home 7.85 km · comparable 8.1 km	+$2,671
Net adjustment		−$202,534

A further 8 factors were compared and found the same on both properties, so no money moved.

14 Mirreen Drive

Sold 2 March 2026 · 0.86 km away

Sold for

$1,480,000

Adjusted to this home

$1,320,365

What we added and subtracted to make this sale comparable to 48 Morshead Street
Land size	this home 429 m² · comparable 817 m²	−$125,402
Floor area	this home 109 m² · comparable 120 m²	−$22,000
Micro-location	this home 0.0239 · comparable 0.0291	−$6,157
Distance to beach	this home 7.85 km · comparable 7.62 km	−$3,676
Year built	this home 1985 · comparable 1986	−$2,400
Net adjustment		−$159,635

A further 9 factors were compared and found the same on both properties, so no money moved.

3 Castle Court

Sold 22 April 2026 · 0.37 km away

Sold for

$1,680,000

Adjusted to this home

$1,453,447

What we added and subtracted to make this sale comparable to 48 Morshead Street
Floor area	this home 109 m² · comparable 198 m²	−$178,000
Land size	this home 429 m² · comparable 600 m²	−$55,267
Micro-location	this home 0.0239 · comparable -0.0065	+$40,858
Year built	this home 1985 · comparable 1999	−$33,600
Distance to beach	this home 7.85 km · comparable 7.82 km	−$544
Net adjustment		−$226,553

A further 9 factors were compared and found the same on both properties, so no money moved.

20 Biby Street

Sold 18 March 2026 · 0.88 km away

Sold for

$1,680,000

Adjusted to this home

$1,502,713

What we added and subtracted to make this sale comparable to 48 Morshead Street
Micro-location	this home 0.0239 · comparable 0.0778	−$72,442
Land size	this home 429 m² · comparable 607 m²	−$57,530
Year built	this home 1985 · comparable 1992	−$16,800
Floor area	this home 109 m² · comparable 117 m²	−$16,000
Distance to beach	this home 7.85 km · comparable 7.05 km	−$14,515
Net adjustment		−$177,287

A further 9 factors were compared and found the same on both properties, so no money moved.

8 Costelloe Street

Sold 7 May 2026 · 1.05 km away

Sold for

$1,675,000

Adjusted to this home

$1,333,754

What we added and subtracted to make this sale comparable to 48 Morshead Street
Land size	this home 429 m² · comparable 808 m²	−$122,493
Floor area	this home 109 m² · comparable 158 m²	−$98,000
Bedrooms	this home 3 · comparable 4	−$68,000
Micro-location	this home 0.0239 · comparable 0.0502	−$35,242
Distance to beach	this home 7.85 km · comparable 7.28 km	−$10,311
Year built	this home 1985 · comparable 1988	−$7,200
Net adjustment		−$341,246

A further 8 factors were compared and found the same on both properties, so no money moved.

48 West Wyberba Street

Sold 17 June 2026 · 0.87 km away

Sold for

$1,800,000

Adjusted to this home

$1,504,870

What we added and subtracted to make this sale comparable to 48 Morshead Street
Floor area	this home 109 m² · comparable 147 m²	−$76,000
Micro-location	this home 0.0239 · comparable 0.0747	−$73,152
Year built	this home 1985 · comparable 2014	−$69,600
Bedrooms	this home 3 · comparable 4	−$68,000
Distance to beach	this home 7.85 km · comparable 7.02 km	−$16,135
Land size	this home 429 m² · comparable 405 m²	+$7,757
Net adjustment		−$295,130

A further 8 factors were compared and found the same on both properties, so no money moved.

24 Nangana Street

Sold 7 May 2026 · 0.77 km away

Sold for

$1,900,000

Adjusted to this home

$1,368,001

What we added and subtracted to make this sale comparable to 48 Morshead Street
Land size	this home 429 m² · comparable 3853 m²	−$440,353
Floor area	this home 109 m² · comparable 159 m²	−$39,792
Bedrooms	this home 3 · comparable 4	−$27,058
Micro-location	this home 0.0239 · comparable 0.0509	−$16,330
Year built	this home 1985 · comparable 1996	−$10,505
Cladding	this home 2 · comparable 1	+$6,366
Distance to beach	this home 7.85 km · comparable 7.32 km	−$4,327
Net adjustment		−$531,999

A further 7 factors were compared and found the same on both properties, so no money moved.

We are not claiming to be more accurate than anyone else. We are showing you the sales, the adjustments and the band they produce, so you can judge the number yourself.

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 48 Morshead Street sit?

Gold Coast homes listed for 60 to 180 days rose from 1,288 in March to 2,618 in August (SQM Research). A rising count of homes sitting unsold has historically been associated with downward pressure on asking prices.

But property markets do not move as one—and neither do individual homes.

We traced the estimated value of 48 Morshead Street over the past 18 months, compared it with Tugun’s wider market, and examined the indicators most likely to reveal what happens next.

48 Morshead Street

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The 10 sales behind that range — and every adjustment

59 Toolona Street

16 Monash Street

47 Toolona Street

9 Morshead Street

14 Mirreen Drive

3 Castle Court

20 Biby Street

8 Costelloe Street

48 West Wyberba Street

24 Nangana Street

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 48 Morshead Street sit?

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